Insurance: r+v Sells Condor Life to Acathia Capital

Handelsblatt

Lean Right

Factuality

Ownership

Both companies have signed a letter of intent. Affected is a stock of 219,000 life insurance. A purchase price was not mentioned.

Herbert Frommes Versicherungsmonitor

Factuality

Ownership

R+V sells real estate insurer Condor Leben to Frankfurt's investment manager Acathia Capital. R+V confirms a report from the Handelsblatt. Acathia is acting on behalf of a consortium of German insurers, global reinsurers and utilities. Condor Leben is to become a new run-off platform for living stock in the German market. Acathia's managing partner Thomas Schmitt sees a lot of potential in the market. R+V sells [...]